KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $145.00 at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price target decreased by TD Cowen from $157.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. TD Cowen currently has a buy rating on the asset manager’s stock.

A number of other research analysts have also recently issued reports on KKR. JMP Securities lifted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a research note on Tuesday, April 9th. StockNews.com cut KKR & Co. Inc. from a hold rating to a sell rating in a research note on Wednesday, May 15th. Barclays lifted their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Finally, Jefferies Financial Group lowered their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $99.21.

KKR & Co. Inc. Trading Up 3.7 %

KKR opened at $109.45 on Monday. The stock has a market cap of $97.13 billion, a PE ratio of 24.54, a PEG ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $104.69 and a 200-day moving average of $96.87. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. Equities research analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.175 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several large investors have recently made changes to their positions in KKR. Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares in the last quarter. Norges Bank bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $649,798,000. Winslow Capital Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $344,354,000. GQG Partners LLC bought a new stake in KKR & Co. Inc. during the first quarter worth approximately $217,004,000. Finally, Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after acquiring an additional 1,728,782 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.